Definition
This item comprises the value of all stocks owned by the parent enterprise and held by, or under the control of the establishment, either at the establishment or elsewhere. Stocks held at ancillary units, in bonded stores or public warehouses on consignment in transit and held by others for processing on commission are included. Excluded materials owned by others but held by this establishment for processing. In general stocks acquired from others should be valued at purchasers prices and those produced internally at producers' prices.
3.1. Raw Materials, components.......
This item comprises all materials, components, etc. that enter into the product, fuels, repair and maintenance, and office and other consumable supplies. The value of any stocks of materials and supplies for use in own-account fixed asset should be included. Stocks should be valued at current replacement cost, based on purchasers prices. The prices should include any duties and taxes payable and should be net or any rebates and discounts given by the seller. Alternatively, book values might be reported.
3.2. Work-in-progress - refers to the value of all materials which have been partially processed by this establishment but which are not usually sold,
shipped or turned over to other establishments without further processing.
An imputed valuation in terms of producers prices should be adopted, including an imputed margin for overhead costs and profits as well as the cost of materials consumed and labour used. Alternatively, book values might be reported.
3.3 Finished goods - This item covers finished goods manufactured by this establishment which are ready for shipment at the reference dates. Finished goods held by another establishment those were processed by the establishment from raw materials controlled by this establishment, as well as goods held at ancillary units, in bonded or public warehouses, on consignment, in transit, etc., should also be included Finished goods held by this establishment which were made from materials owned by others should be excluded. Valuation should be in producers prices at which similar goods have been shipped alternatively book values might be reported.
3.4 Goods to be sold under the same condition as purchased - This item covers the value of any stocks of goods that the establishment has bought with the intention of reselling in the same form, that is without
further processing. Stocks of materials and supplies to be resold without further processing should also be included. Valuation of stocks should be
valued at same price as goods that have been shipped immediately prior to the reference date. Beginning and end of year stocks should be valued using the same prices.
3.5 Total stocks (3.1, ... 3.4)